Overview
What is The Strategic Economic Consortium?
The Strategic Economic Consortium is a nonprofit organization situated in Kingston, New York, at 436 Old Neighborhood Road. Their primary mission is to facilitate transformative solar research, innovation, and application development, as well as provide support to advanced manufacturing in New York State. Additionally, they aim to assist and accelerate the growth of small to medium-sized manufacturers and entrepreneurs in the Hudson Valley region of New York State. Their key activity involves purchasing and installing manufacturing and characterization capital equipment for the SMARTT (SUNY Manufacturing Alliance Technology Transfer) labs and SMARTT PODS located at Hudson Valley businesses and on SUNY campuses. With a workforce of two dedicated individuals, the Consortium works diligently towards their goals for the betterment of the regional manufacturing industry.
Official website here: www.tsecny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Stars
The Strategic Economic Consortium has earned a rating of 75% from Charity Navigator, reflecting strong accountability and financial management practices. This score is derived solely from its Accountability & Finance measures, showcasing the organization’s commitment to transparency and responsible stewardship of funds.
The organization demonstrates significant strengths, including 100% independent board membership and no material diversion of assets, which highlights its governance integrity. Additionally, it has robust policies in place, such as a conflict of interest policy and a whistleblower policy, contributing to its high score in accountability metrics.
However, the organization does face some limitations, particularly in its liabilities to assets ratio, which negatively impacted its overall financial score. Despite this, the majority of its expenses are directed towards programs, indicating a focus on mission-driven activities. Overall, while the organization shows promise through its governance and operational efficiency, the financial ratios suggest areas that may need improvement.
This AI summary has been generated from information found on Charity Navigator.
Is The Strategic Economic Consortium legitimate?
The Strategic Economic Consortium is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Strategic Economic Consortium submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $27,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,000
For more financial information, click here
Official website here: www.tsecny.org
What is the mission statement of The Strategic Economic Consortium?
The Strategic Economic Consortium is dedicated to fostering transformative solar research, innovation, and application development, as well as supporting the advancement of manufacturing industry in New York State. Its primary mission is to assist and accelerate the growth of small to medium-sized manufacturers and entrepreneurs in the region. To this end, the organization has undertaken initiatives such as procuring and installing manufacturing and characterization capital equipment for the SMARTT (SUNY Manufacturing Alliance Technology Transfer) Labs and SMARTT PODs located at Hudson Valley businesses and on SUNY campuses.
Official website here: www.tsecny.org
Who is the CEO of The Strategic Economic Consortium?
Carl E Meyer is the President/Ceo of The Strategic Economic Consortium. The CEO's salary of The Strategic Economic Consortium is $11,723 and their total compensation is $27,000.
Official website here: www.tsecny.org
What is the revenue of The Strategic Economic Consortium?
The Strategic Economic Consortium's revenue in 2022 was -$278,273.
Official website here: www.tsecny.org
Who are the executives of The Strategic Economic Consortium and what are their salaries?
The average compensation at The Strategic Economic Consortium during 2022 was $26,000. There are 2 employees and 20 volunteers at The Strategic Economic Consortium.
Here are 7 key members and their salaries (The Strategic Economic Consortium's CEO's salary is $11,723 and their total compensation is $27,000):
- Compensation: $11,723
- Related: $0
- Other: $15,277
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.tsecny.org
Where can I find the form 990 for The Strategic Economic Consortium?
The Strategic Economic Consortium's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tsecny.org
Learn more at the official website: www.tsecny.org
Mission Statement of The Strategic Economic Consortium
The Strategic Economic Consortium, a notable entity, aims to foster transformative solar research, innovation, and application development, as well as support the advanced manufacturing industry in New York State. In a proactive manner, this organization works towards assisting and accelerating the growth of small to medium-sized manufacturers and entrepreneurs in the Hudson Valley region. To achieve this, The Strategic Economic Consortium has undertaken initiatives such as the procurement and installation of manufacturing and characterization capital equipment for the SMARTT (SUNY Manufacturing Alliance Technology Transfer) Labs and SMARTT PODs located at Hudson Valley businesses and on SUNY campuses. By doing so, the consortium is committed to empowering the manufacturing sector within the state, catalyzing growth and innovation in the process.
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Impact
June, 2024
The Strategic Economic Consortium is making a significant impact in the Hudson Valley region of New York by facilitating transformative solar research, innovation, and application development. Through initiatives such as SMARTT Labs & Pods equipment purchases and installations, the Consortium is supporting advanced manufacturing industries, aiding in the growth of small to medium-sized manufacturers and entrepreneurs in the region. Their work not only boosts economic development but also contributes to efforts aimed at preserving the environment, particularly in the area of solar energy.
This information is meant to be a general summary of The Strategic Economic Consortium. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$323,402
- Gross Receipts: $87,185
Assets and Liabilities:
- Total Assets: $594,733
- Total Liabilities: $456,281
- Net Assets: $138,452
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Organization Details
Founding Year
2007
Phone
(845) 336-0100Principal Officer
Carl E Meyer
Main Address
436 OLD NEIGHBORHOOD RD, KINGSTON, NY, 12401
Website
www.tsecny.orgNTEE Category
Code: C35 - Environment
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